Legitimas Group

Legítimas is a group of 9 women and one man who are cheerful and dynamic. They recently came together to raise capital that will allow them to enlarge their businesses. One of the members is Williams who sells clothing. He was encouraged to join the group because his wife already works with Pro Mujer in another group and she does quite well. Williams wants buy new bundles of clothes to increase his inventory . To reduce costs, he travels to Oruro (Bolivia department), for which he needs this loan. Williams is the father of two daughters. The other members of the group also have their own activities which, for the most part, consist in making and selling clothing and some members need the funds to purchase merchandise and others to purchase raw materials.

Translated from Spanish by Michael Bujazan, Kiva Volunteer

Legítimas es un grupo de 9 mujeres y un varón y son alegres y dinámicas, se agruparon recientemente por la necesidad de contar con un capital que les permita ampliar sus negocios, uno de los integrantes es Williams, él tiene el negocio de venta de ropa, se animó a ingresar a el grupo porque su esposa ya trabaja con Pro Mujer en otro grupo y le va muy bien. Williams desea incrementar su mercadería comprando nuevos fardos de ropa y para bajar el costo él viaja a Oruro (departamento de Bolivia), para lo cual necesita el préstamo, además Williams es padre de 2 niñas.
Las demás integrantes también tienen sus propios negocios que en su mayoría es la confección y venta de ropa y necesitan el préstamo algunas para comprar mercadería y otras para adquirir materia prima.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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